Offshore Investment
- Main focus this week will be on the sentiment surveys from ISM, Ifo and alike. We expect the Federal Reserve to announce a rate hike of 25 basis points at their meeting on Thursday with no indication of a pause in the tightening.
- luxembourg: Tuesday, June 28 - 2005 at 15:01
- Encouraging figures regarding inflation, industrial production and growth helped the equity markets to hold the gains of the previous weeks. Even the rise of the oil price could not disturb them. Apparently stock investors' confidence has improved.
- Tuesday, June 21 - 2005 at 13:58 |
- We decided to reverse the overweight in European equities and to increase the overweight for Japanese equities by the same amount. There was also a change in the outlook for the euro/dollar and the pound/euro 3-month rate targets. The 12-month target for the Eurozone short-term interest rate was revised downward, as were most bond yields.
- Monday, June 13 - 2005 at 22:06 |
- We left asset allocation unchanged. Fixed income proved to be the main point of discussion. The recent renewed fall in bond yields generates some concern and recent economic data generates the need to reconsider the target levels of interest rates and bond yields.
- Tuesday, June 07 - 2005 at 17:09 |
- It has finally happened: GM and GMAC have been downgraded to high yield. This provides short-term, active investors with an entry point into cheap GMAC bonds. Other auto manufac-turers' bonds should also benefit. We prefer to wait for a better moment to enter the High Yield market.
- Tuesday, May 31 - 2005 at 08:15 |
- The rise in uncorrelated default risk amongst the credit universe is causing large losses to the most common credit derivatives carry strategies and is prompting a large unwinding of those positions, which pushes spreads wider. Other markets are not really affected.
- Tuesday, May 24 - 2005 at 07:07 |
- Last week equity markets posted nice gains. Reassuring comments from Greenspan and a nice job report damped fears about a strong economic slowdown in the US and allowed markets to take advantage of their trump cards.
- Tuesday, May 10 - 2005 at 14:11 |
- Mixed economic data prevented equity markets from rising, although quarterly earnings conti-nued to be quite strong. Nevertheless we think these good earnings results in combination with lower oil prices and low bond yields might finally enable equity markets to recover.
- Tuesday, May 03 - 2005 at 08:55 |
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This content in this section was prepared by the research department of MeesPierson and Fortis Global Markets. This document does not constitute financial advice. If you require such advice, you should seek appropriate professional advice.
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